The budget has the potential to lay a strong foundation for the equity market, said Alok Ranjan of ITI Mutual Fund.
by Sunil Shankar Matkar
Money Control
“The sharp decline in food prices, particularly vegetables, is expected to bring CPI inflation down to around 4.5% in January,” said Alok Ranjan, the Senior Fund Manager at ITI Mutual Fund in an interview to Moneycontrol.
According to him, with inflation showing signs of moderation, a rate cut in February is anticipated for India.
He believes the budget has the potential to lay a strong foundation for the equity market. With more money in the hands of the middle class via tax reliefs, budget could serve as a catalyst for consumption, driving demand across key sectors, Ranjan said.